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Escorts Agri Equipment Volumes grew by 30.6 p.c in February 2021

Escorts Ltd’s Farm Equipment (EAM) segment sold 11,230 tractors in February 2021. This was our highest revenue to date in February, growing 30.6 percent from 8,601 tractors sold in February 2020.

Domestic tractor sales stood at 10,690 tractors in February 2021, growing 32.8 percent from 8,049 tractors in February 2020. Tractor demand is expected to remain strong due to positive macroeconomic factors and strong rural cash flows. The supply-side situation is normal, but rising inflation remains a concern.

Export tractor sales were 540 tractors in February 2021, compared to 552 tractors sold in February 2020.

Shares of ESCORTS LTD. The last trade in BSE was at Rs.1310.6 compared to the previous close of Rs. 1309.45. The total number of shares traded during the day was 152,620 in over 7,954 trades.

The stock hit an intraday high of Rs. 1336.45 and an intraday low of 1277.3. Net sales during the day were Rs. 200022633.